Information Provided By:
Fly News Breaks for January 31, 2018
EQIX, AMT
Jan 31, 2018 | 07:55 EDT
Oppenheimer analyst Timothy Horan notes that President Trump's State of the Union Address last night gave more details of a plan to promote more infrastructure spending through private/public partnerships and streamlined regulation/permitting as the centerpiece. The administration wants a strong economy and is encouraging companies to get a good return on their capital investments, which is positive for the infrastructure sector, particularly American Tower (AMT)/Equinix (EQIX) and new over applications-OTT video/voice/compute services, he contends. Further, the analyst says the infrastructure plan supports his $20B CAPX growth/tear estimate in 2018-2020.